If total fixed cost is $200, total variable cost is $600, and total product is 4 units, then average total cost must be
A) $200.
B) $250.
C) $800.
D) $3,200.
Correct Answer:
Verified
Q277: Answer the question on the basis of
Q278: The Sunshine Corporation finds that its costs
Q279: The Sunshine Corporation finds that its costs
Q280: Q281: When marginal cost is increasing, Q283: If average variable cost is $74 and Q284: The fixed cost of the firm is Q285: At any level of output. Q286: If a firm produces 10 units of Q287: 
A)total cost must
A)average variable cost
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents